Manager Underwriting salary in Canada

Average Yearly Salary of Manager Underwriting in Canada is approximately 102,994 CAD (103,707 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Manager Underwriting do?

The occupation of a Manager Underwriting involves overseeing the underwriting process within an organization. This role requires extensive knowledge of insurance policies, risk assessment, and financial analysis. The manager is responsible for evaluating and approving insurance applications, ensuring compliance with underwriting guidelines, and managing a team of underwriters. They collaborate with other departments to develop and implement underwriting strategies, review and analyze underwriting data, and make recommendations for improvements. Additionally, they may be involved in negotiating terms and conditions with clients and monitoring market trends to assess potential risks. Strong analytical skills, attention to detail, and the ability to make informed decisions are essential for success in this role.

Skills: Manager Underwriting, Insurance, Risk Assessment, Financial Analysis, Compliance, Underwriting Guidelines
Job industry: Insurance

How much does Manager Underwriting make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Manager Underwriting a well paid job?

Yes, our data shows that Manager Underwriting is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Manager Underwriting?

High salary for Manager Underwriting would be somewhere between 113,293 CAD and 149,341 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Manager Underwriting in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 102,994 CAD
Estimated Monthly Salary: 8,583 CAD
Estimated Weekly Salary: 1,981 CAD per week
Estimated Hourly Salary: 50 CAD per hour
By working as Manager Underwriting a person can save up to 6,524 USD per month or 78,286 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Manager Underwriting

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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